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West, a UK-based ship insurer, has problems with paying claims to a Russian company that is under sanctions

Posted to Maritime Reporter on July 23, 2024

West, a UK ship insurer, said that it would be difficult to pay claims for ships involved with accidents or collisions involving other vessels insured by the sanctions-hit Russian Ingosstrakh. This is another indication of the difficulties with Moscow's oil trading.

Leonardo's fighter jet program survives UK defence review

Posted to Maritime Reporter on July 23, 2024

According to a Leonardo executive, a British review of defence policy will not affect a multi-billion dollar fighter jet project being developed by Italy and Japan, as well as the United Kingdom. The Global Combat Air Programme (GCAP) is being developed by BAE Systems in Britain…

IRGC: Iran's Revolutionary Guards have intercepted a tanker managed by the UAE

Posted to Maritime Reporter on July 23, 2024

The IRGC, along with British security firm Ambrey, announced on Monday that the IRGC had intercepted a tanker flying the flag of Togo, but managed by UAE, carrying 1,500 tonnes of marine gas oil. Ambrey reported that the vessel was carrying…

Starmer: UK warplane capabilities important during defence review

Posted to Maritime Reporter on July 23, 2024

Keir starmer, the British Prime Minister, stressed on Monday that Britain's fighter-jet capability is important. However, he did not guarantee that a review of defence policy would not affect its next generation air combat programme with Japan or Italy.

BAE: UK, Japan and Italy's GCAP Project heading to next phase "at pace"

Posted to Maritime Reporter on July 23, 2024

BAE Systems' managing director stated that the Global Combat Air Programme, a joint venture between Britain and Japan to develop a new fighter aircraft, will be launched in 2025. Keir starmer, British Prime Minister Keir said earlier in the…

Israeli Defence Minister: Yemeni strike is a message

Posted to Maritime Reporter on July 23, 2024

On Saturday, Defence Minister Yoav Galant stated that Israel had struck the Houthis after they injured an Israeli. Gallant stated in a press release that "the fire currently burning in Hodeidah is visible across the Middle East, and its significance…

Houthis increase attacks on cargo ships in Gulf of Aden

Posted to Maritime Reporter on July 23, 2024

Yemen's Houthi Rebels damaged and destroyed a container ship flying the Singapore flag with two missiles Friday, as they intensified their attacks against global shipping in response to Israel's Gaza War. The Houthis, who are aligned with Iran…

Maersk reports an incident of fire on a vessel near the western coast of India

Posted to Maritime Reporter on July 23, 2024

Maersk said on Friday that a fire had broken out on one of their chartered vessels, sailing from Mundra off the west coast of India, to Colombo in Sri Lanka. Local media reported that the fire was caused by a short-circuit, which resulted in explosions, and that a Filipino seaman died.

Singapore's maritime biofuels centre has completed its final marine decarbonisation trial

Posted to Maritime Reporter on July 23, 2024

The Global Centre for Maritime Decarbonisation in Singapore (GCMD) announced this week that it had completed the final trials of biofuels for ships, with German container company Hapag-Lloyd as well as energy giant BP. The GCMD started an 18…

Financial Times - July 19,

Posted to Maritime Reporter on July 23, 2024

These are the most popular stories from the Financial Times. These stories have not been verified and we cannot vouch for the accuracy of these reports. Overview - On Thursday, the Bank of England announced that it was experiencing a temporary outage of its CHAPS interbank payments system.

Sources say that Bahri, the top bidder for Schenker by Deutsche Bahn, has dropped out of the race.

Posted to Maritime Reporter on July 23, 2024

Two people with knowledge of the sale said that Saudi Arabian Bahri dropped its bid to buy Schenker's German logistics unit from Deutsche Bahn, reducing the competition down to DSV or CVC. Sources said that the departure of Bahri means that…

UK adds 11 names to Russia sanctions list

Posted to Maritime Reporter on July 23, 2024

An official notice published on Thursday showed that Britain has added 11 new sanctions to its Russia sanctions regime in relation to the conflict in Ukraine. The government stated that the sanctions against ships such as Zaliv Amurskiy, SCF…

Maersk reports that disruptions to container shipping via the Red Sea have increased.

Posted to Maritime Reporter on July 23, 2024

Denmark's A.P. Moller-Maersk, the Danish A.P. Maersk, among other shipping companies, has diverted ships around Africa's Cape of Good Hope to avoid attacks from Iran-aligned Houthi terrorists in the Red Sea since December. The longer voyage times have pushed freight rates up.

Germany refuses to be intimidated by Russia following a reported plot against Rheinmetall CEO

Posted to Maritime Reporter on July 12, 2024

The German government announced on Friday that Berlin takes reports of an assassination plot against the head of Rheinmetall arms manufacturer very seriously. It will not be intimidated by Russian threats. CNN and The New York Times reported on Thursday that U.S.

Eneco Ocean Winds and Otary bid on Belgian wind tender

Posted to Maritime Reporter on July 12, 2024

On Friday, Eneco Ocean Winds, and Otary, wind developers, announced that they had formed a consortium in order to compete for an offshore wind tender. The tender is to develop wind energy in the Princess Elizabeth Zone in the Belgian North Sea.

US, Canada and Finland launch efforts to build icebreaking ships while China and Russia collaborate in Arctic

Posted to Maritime Reporter on July 11, 2024

A senior U.S. official announced that the U.S. will be forming a consortium with Canada and Finland to build icebreakers. This move is intended to boost shipbuilding among allies and to counter Russia and China's increasing influence in strategic polar regions.

Olympic-Foils fuel a wind of change for high speed sailors

Posted to Maritime Reporter on July 11, 2024

Max Maeder, Singapore's gold-medal hopeful, is the poster child of sailing's sea changes since the last Olympics. 'Foiling' classes, such as his Kiteboarding discipline, will make up half the 10 events at the 2024 Olympics, compared to only one event in Tokyo.

Three missing and three dead after boat capsizes near Portugal

Posted to Maritime Reporter on July 3, 2024

The maritime authority reported that three people were killed and three others missing after a 17-member crew fishing boat capsized on Wednesday off the central coast of Portugal. In a press release, the maritime authority stated that "11 people…

Italy seizes Chinese military drones bound for Libya

Posted to Maritime Reporter on July 2, 2024

Italian customs and police said that they intercepted two Chinese military drones disguised as wind-turbine equipment and bound for Libya. A joint statement stated that the drones had been disassembled and were hidden in six containers in the port of Gioia Tauro, in the southern region Calabria.

British Business – July 2,

Posted to Maritime Reporter on July 2, 2024

These are the most popular stories in the British business pages. These stories have not been verified and we cannot vouch for the accuracy of these reports. Revolut's profits reached record levels last year, thanks to higher interest rates.

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